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Real Estate week 5

Real Estate week 5 - Gr a de book De ta il G radingSummary...

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8/12/13 Gradebook Detail https://frameset.next.ecollege.com/(NEXT(41c927c49b))/Main/AllMode/FramesetHybrid/GeneralFramesetView.ed 1/5 Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 8/5/2013 Time Spent: 4 Days , 4 h , 08 min , 20 secs Points Received: 22 / 30 (73.3%) Question Type: # Of Questions: # Correct: Multiple Choice 15 11 Grade Details ­ All Questions 1. Question : (TCO 7) Consider the figure above. The difference between the existing stock of space and Point D represents ________. Student Answer: equilibrium occupancy market rent vacancy shortage Instructor Explanation: Chapter 9, Page 257 The difference between the existing stock of space and Point D represents vacancy. Points Received: 0 of 2 Comments: 2. Question : (TCO 7) The difference between the existing stock of space and the equilibrium occupancy is known as ________. Student Answer: supply demand equilibrium vacancy Instructor Explanation: Chapter 9, Page 257 The difference between existing stock of space and equilibrium occupancy is vacancy. Points Received: 2 of 2 Comments:
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8/12/13 Gradebook Detail https://frameset.next.ecollege.com/(NEXT(41c927c49b))/Main/AllMode/FramesetHybrid/GeneralFramesetView.ed 2/5 3. Question : (TCO 7) A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year. Using a 11 percent discount rate, what is the effective rent over the three years? Student Answer: $20.00 $21.00 $20.93 $22.00 Instructor Explanation: Chapter 9, Pages 275­276 Effective rent = 20/1.11 + 21 /1.112 + 22/1.113 = 18.02 + 17.04 + 16.09 = $51.15; then, solve for PYMT.. PV = ­51.15; i = 11%; n = 3, FV = 0 Points Received: 2 of 2 Comments: 4. Question : (TCO 7) A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providing six months of free rent in the first year as a concession. Using a 8 percent discount rate, what is the effective rent over the three years?
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